Bankruptcy Laws & Lawyers
When debt becomes a burden that is no longer bearable, many individuals and businesses opt to file bankruptcy as a way to get a fresh financial start. For consumers, the most common types of bankruptcy are Chapter 7 and Chapter 13, while businesses commonly file Chapter 7 or Chapter 11. When considering bankruptcy, there are benefits and repercussions that should be carefully weighed before making a decision. In a business context, bankruptcy can affect credit standings and even prevent a business from continuing its day-to-day affairs. Individuals should be aware that they may have to relinquish property and that credit scores will be affected. With a wealth of free expert advice regarding Bankruptcy Law, the articles, answers and other useful resources in this section can help you make informed decisions.